This is a trading diary containing my views on international financial markets and economic news. I focus on the relationships between bond, currency, commodity and equity markets across countries. All ideas and opinions expressed here are shared for educational purposes. THESE ARE NOT RECOMMENDATIONS!

Nov 19, 2004

U.S. 10-yr yields, the Euro and GBP have all reversed in the early morning while the Yen continues making new lows (stronger) below 103.42. Call me crazy but I say the Yen will reverse today too. Not a good trade because it does not have a floor but taking profits here makes good sense.